Overview
- Kotak Mahindra Bank’s standalone Q2FY26 net profit fell 2.7% to Rs 3,253 crore as provisions rose 43.5% to Rs 947 crore, with NII up 4% and NIM at 4.54%.
- Kotak’s asset quality improved to 1.39% gross NPA and 0.32% net NPA, while consolidated PAT declined about 11% to Rs 4,468 crore on weaker subsidiary performance.
- The Reserve Bank of India approved the reappointment of C. S. Rajan as Kotak’s part‑time chairman through October 21, 2027.
- Axis Bank’s Q2FY26 net profit dropped 26% to Rs 5,090 crore after making a Rs 1,231‑crore RBI‑directed static provision on discontinued crop loan variants, even as loans and deposits grew double digits and GNPA eased to 1.46%.
- SBI Cards and Payment Services posted a 10% rise in Q2 net profit to Rs 445 crore with revenue up about 12–13%, gross NPA at 2.85%, and results below some street estimates.